// Atterley.com calls in administrators from French Duncan following collapse.
// The etailer stopped taking new orders on Thursday
Atterley.com has collapsed into administration for the second time after failing to secure a vital cash injection.
The online marketplace, which hosts 250 independent retailers, said it was unsuccessful in securing funding from existing shareholders or external investors.
The Scottish retailer has appointed Brian Milne and David McGinness of French Duncan as joint provisional liquidators to handle the process.
On Thursday, the fashion etailer stopped taking new orders on its website.
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Atterley.com said in a statement: “Last week, it became clear that we needed significant investment through to Q2 2023.
“However, it was not possible to put this together from existing shareholders or external investors.
“We deeply regret what has happened and did are not taking this course lightly or easily. We are mindful that this is a difficult situation for our staff, particularly at this time of year.
“We are also conscious of the impact on our independent boutique partners and loyal customers.
“We are aware of our obligations to employees, partners and customers, and would like to thank them for what they have done since 2016, when Atterley.com took on its new form.
“We will be working with the insolvency practitioner over the coming days to form a plan.”
The Scottish etailer first collapsed into administration in January 2016 and was purchased by The Welch Group, which relaunched the brand’s website later that year.
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